Bankruptcies of the 80s

[LEP]

[QUOTE=Richard5;472207]

Set a corporation up in your wife’s name and double the small business limit. Deferring is bad business.

Lep - I had asked this question to my accountant once when planning structure for son.

Many people have husband and wife as shareholders of first company already. Creating a company n spouse's name would be very risky even if you one spouse transferred everything to the other as they are closely related. If your sole reason is lower tax, nothing flies anymore

I agree,. But it can be done. Just make sure you document. It is perfectly legal.